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India allows extension for commissioning of certain solar power projects until December

21 Apr 2025

By Sarita Chaganti Singh and Sethuraman N R (Reuters) – India’s Ministry of New & Renewable Energy (MNRE) has granted a nine-month extension for the commissioning of certain solar projects by two government agencies, pushing the deadline to the end of December 2025 due to multiple challenges, a document seen by Reuters showed. In a …

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Delhi airport operator pauses runway upgrade after flight delays invite criticism

21 Apr 2025

By Abhijith Ganapavaram NEW DELHI (Reuters) -The operator of Delhi International Airport, one of the world’s busiest airports, has paused works to upgrade one of its runways after passengers criticised lengthy flight delays, throwing the spotlight on increasing air traffic congestion in major cities in India. Data from Flightradar24 showed about 400 arrivals and 500 …

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Gold extends record run, breaks above $3,400/oz on safe-haven rush

21 Apr 2025

By Ashitha Shivaprasad and Daksh Grover (Reuters) – Gold surged above $3,400 to a record high on Monday, as the dollar weakened and uncertainty over the economic impact of U.S.-China trade tensions spurred demand for safe-haven bullion. Spot gold rose 2.6% to $3,415.24 an ounce at 10:46 a.m. ET (1446 GMT). Prices hit a record …

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India’s central bank sets lower digital deposit buffer for lenders, delays implementation

21 Apr 2025

(Reuters) -India’s central bank on Monday directed lenders to assign a lower-than-proposed buffer rate of 2.5% on digitally linked deposits, with a one-year compliance deadline, marking the latest in its ongoing regulatory easing. The net impact of these measures will improve banks’ liquidity coverage ratio as on December-end by around 6 percentage points, the Reserve …

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Google settles India’s antitrust probe in Android TV case

21 Apr 2025

(Reuters) -India’s competition regulator said on Monday it has approved the settlement proposal of Alphabet’s Google in the Android TV case, under which it had charged the company over anticompetitive practices. The Competition Commission of India had said the U.S. tech giant abused its Android operating system’s position in the smart television market in the …

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Coal India to set up power plant in joint venture

21 Apr 2025

(Reuters) – Coal India, the country’s top coal producer, will build a 1,600 megawatt coal-powered plant through a joint venture in the eastern state of Jharkhand at an investment of 165 billion rupees ($1.94 billion) to meet increasing power demand. The state-run company on Monday signed a non-binding memorandum of understanding with state-run power generator …

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India’s infrastructure output rises 3.8% on-year in March

21 Apr 2025

NEW DELHI (Reuters) – India’s infrastructure output grew 3.8% year-on-year in March on strong steel and cement production, government data showed on Monday. Infrastructure output, which tracks activity across eight sectors and makes up 40% of the country’s industrial production, grew at a revised 3.4% in February, compared to the initial estimate of 2.9%. Cement …

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India’s Mahindra Logistics posts narrower fourth-quarter loss

21 Apr 2025

(Reuters) -India’s Mahindra Logistics reported a smaller quarterly loss on Monday, helped by growth in its key contract logistics division and a narrower loss in its express commerce segment. It reported a consolidated net loss of 67.5 million rupees ($793,045) for the January-March period – its ninth consecutive quarterly loss – compared to a loss …

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India’s HDFC Bank, ICICI Bank close higher as quarterly earnings boost investor confidence

21 Apr 2025

(Reuters) -HDFC Bank and ICICI Bank closed higher on Monday after strong results over the weekend, as investors bet on their ability to sustain loan growth and margins while managing credit costs. The Reserve Bank of India’s easing stance and liquidity support are expected to spur credit demand and economic growth, helping Indian banks. However, …

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Indian benchmarks log biggest five-day gains in four years as financials rally

21 Apr 2025

By Vivek Kumar M (Reuters) – India’s benchmark indexes logged their biggest five-day gains since February 2021, boosted by heavyweight financials following better-than-expected earnings, while a weaker U.S. dollar further propped up investor sentiment. The Nifty 50 gained 1.15% to 24,125.55 on Monday, while the BSE Sensex rose 1.09% to 79,408.50. In the last five …

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